Rédaction Africa Links 24 with nation.sc
Published on 2024-03-04 22:43:56
The Seychelles Investment Board (SIB) has addressed concerns surrounding the tender process for the Victoria Waterfront Development project. In a recent press release, SIB stated that the evaluation and subsequent procedures were conducted in accordance with the Procurement Act. They emphasized that an independent Evaluation Committee, consisting of representatives from both the public and private sectors, was responsible for evaluating the project bids.
SIB further explained that according to the Procurement Act, any bidder who feels aggrieved by the decision has the right to appeal by Wednesday, March 6, 2023. The appeals will be heard by an independent Investment Appeals Panel, ensuring a fair and transparent process. SIB reaffirmed its commitment to transparency and fairness in all procedures, expressing their anticipation for the successful completion of the project and the revitalization of Victoria.
In a recent announcement, SIB revealed that they were in the process of awarding successful bidders for the first phase of the Victoria Waterfront Development project. The organization also mentioned a cooling off period to allow aggrieved bidders to exercise their right to appeal. Following the launch of the request for proposals on October 2, 2023, SIB received a total of 21 submissions, with all selected bidders being Seychellois investors.
The involvement of Seychellois investors in the project reflects SIB’s dedication to promoting local participation and driving economic growth within the country. By ensuring that the tender process is conducted fairly and transparently, SIB aims to establish a strong foundation for the development of the Victoria Waterfront, contributing to a more vibrant and thriving community.
As an organization responsible for facilitating investment opportunities in Seychelles, SIB plays a crucial role in supporting economic development and creating sustainable growth opportunities. By upholding the principles of transparency and fairness, SIB not only ensures the integrity of its processes but also builds trust among stakeholders and investors.
Moving forward, SIB remains committed to fulfilling its mandate of driving investment and fostering economic prosperity in Seychelles. The completion of the Victoria Waterfront Development project represents a significant milestone in the organization’s efforts to create a dynamic and prosperous environment for businesses and communities in the region.
In conclusion, SIB’s response to the allegations regarding the tender process for the Victoria Waterfront Development project highlights the organization’s dedication to upholding the highest standards of integrity and accountability. By following the necessary procedures and providing avenues for appeal, SIB demonstrates its commitment to fostering a competitive and equitable investment landscape in Seychelles.
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